Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Gold price is a factor I'm sure, but the main reason for a higher market price for Condor is by having a bidding war between 2 or 3 bidders. I've no idea if that is happening.
Gold also looks overbought if interest rates are staying higher for longer. But then again if Iran and Israel end up in a war, it will go higher regardless.
I think 50p to 65p is realistic without a bidding war.
Connect. We hit the 30p target and expect to move towards 40p, if we are not bought later this month. I expect Calibre investors to start paying attention as if they have any inkling we get an all paper deal it would make sense to some to switch from Calibre into Condor as they might well end up raising their stake in Calibre. Gold is flying and Condor is barely keeping up. Something has got to give.
Gold futures at $2390.
Not an effing chance after 14+ years. With gold on a roll (I now reckon JM is watching it as closely as we are) it would be snatching defeat from the jaws of victory. I still think there is 20p in it, possibly more if gold maintains its current momentum, and we end up with 2/3rds Calibre paper.
Testing who’s happy to sell at Milestone 30?
You can always rely on KWN to fan the flames. However, in this case they are only repeating what other gold watchers are starting to say. Some perch themselves at 10% above $2350 ($2575), while others (including Sprott) think 25% might be attainable ($2938). As ever the timeframe for achieving these levels is murky, albeit one or two have stuck their neck out by suggesting 2025.
Always entertaining though often repetitive:
https://kingworldnews.com/sprott-how-high-will-the-gold-price-soar-after-historic-breakout/
Yahoo still clung on to 'Earnings Today' despite evidence to the contrary. As per usual no one has a clue when the next piece of news will drop.
Didn't fancy $2350 - bigger fish to fry.
I'm quite shocked at how fast this is moving. At this rate we could see an assault on $2400 this week. That $3000 (within a year) I saw suggested last week no longer looks as unattainable as as it might have seemed a month ago.
Today we had all sells and no movement in shareprice. For this volume If you did that 3 months ago the shareprice would have tanked. Today its almost the opposite. Looking very strong.
Bless Simms45, his prediction history is rather horrendous to be fair! ;-)
Yeah I’d take this with a bucket of salt as much as I’d want it to be true
More like gold price dropped and bed and ISAs mostly done
What makes you think that Simms?
Really (and I mean that in all honesty), I was surprised at the lack of movement today? Apologies, but been too many false dawns here!
Someone is buying a serious amount of shares in the background or MMs stocking up. looking strong for tomorrow.
Jammer. Abundantly obvious yet our saviour stated 260 k oz production. You saying him is a liar innit. Shoulda spent 7 m proving up more oz like they said yo 3 m oz instead of wasting it on a mill. We heard from calibre ozs makes valuation. Funny that a year and a half ago, most here were convinced it was a shoe in for production even predicting outlandish dividends the like of which no gold had ever issued. Funny how it turns out.
Tumbleweed diddums!
30.5p/31p
Pretty quiet. Is this the calm before the storm.?
I could not agree more, a buildout for me when it is abundantly clear that was never the intention, irrespective the gold price would be a nightmare for sure!
Get rid, get sold and if it's Calibre, I'd much prefer their paper to Condor's.
Hopefully today we can push on as earliest news expected could be next week but realistically could anytime in April. Gla.
As my ISA holding moved to over 30% today, I confess for a moment I thought take it!
My SIPP (which is a free run) is only up 18.5% and by far the larger holding…. All this talk about building the mine is the stuff of nightmares!
Get the deal done and let us get on with our lives!
HZM is a cautionary tale of problems during construction. Down 98% over the year.
Yahoo's app is still showing 'Earnings Tomorrow'. Would anyone know for certain whether they might have had prior RNS notification, or are they just guessing like the rest of us?
Personally, i don't want to see a change in tactic and production. The road to production is very bumpy, susceptible to delays, increases in costs, political factors, macros factors. It really isn't worth the wait for me.
An ideal outcome is either a good all cash sale, or calibre paper swap and we get exposure to La India gold production via them who no doubt have the team and cash to get the job done properly. They are also big enough to see any short term economic macro issue through.
A pity that the increase in the SP is like trying to move in quick drying cement? The SP ordinarily be funny if it wasn’t!
Yes. absolutely. We were valued around the same market cap when gold was only $1900 so the board taking the brakes off going into production took the shine off the share price as the valuation shifted to what someone might be prepared to pay for the company in a bit of a market drought for debt, a completely different valuation. if they did decide to JV with someone and we kept 50% we might rocket a lot higher than today as the market would replace the sell valuation today with a NPV on the gold production scenario that was always the best scenario and £1+ would be very achievable. To get get the best price i suspect this will be a takeover so but they will probably be only able to offer a 50% premium to sell to their investors. This is why we need to see the share price at 40p at least so the bid could be both acceptable to their own shareholders but also Jim and long term investors. if we get to 40p then someone can make a 60p all share deal and we are probably all happy in current scenario. Sadly we have had too many nervous investors selling but each to their own.